If you want to expand this greed-driven view to how absolutely whacky and double dealing this IPO is going to be add in the following: 1) If WeWork does NOT ra

If you want to expand this greed-driven view to how absolutely whacky and double dealing this IPO is going to be add in the following: 1) If WeWork does NOT raise at least $3billion in this IPO they will be in default of a contingency with lenders that will WITHHOLD a committed $6billion credit line. (a) 2) This at first glance sounds sage, keeps the bankers honest in pushing the IPO right? When in fact the lending bankers ALONE will split a 3% up front loan fee - $180,000,000 - if their buddies down the hall can sell $3b of stock to bag holders in the IPO. 3) If you're lending $6b to a property landlord you'd want some strong guarantees right and again ensure the banks customers are being prioritized? Of course not - these WeWork loans will be "secured against cash and leases" NOT real property. So the bankers, many of whom are involved in both the IPO and the unsecuritized loan, will FEAST on short term fees but of course believe in the long term viability of the business right? This should all end well. (a) https://www.bloomberg.com/news/articles/2019-08-01/wework-sets-up-6-billion-financing-contingent-on-ipo-s-success https://www.bloomberg.com/news/articles/2019-08-01/wework-se...